Technology Industry
Industry: Email Alert RSS FeedSunGard Buys Tiger Systems Inc
Computergram International, March 16, 1999
SunGard Data Systems Inc, the Wayne, Pennsylvania-based company that began as a disaster recovery outfit but has since moved into the world of financial services software with more than a dozen acquisitions in the past couple of years, said it has acquired Tiger Systems Inc. New York-based Tiger provides electronic banking systems to the financial community.
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Marketed under the Lynx name, the company's products encompass international funds transfer, trade services and cash management, and are said to be installed in over 80 banks in more than 40 countries. Financial terms of the deal were not disclosed, but SunGard said the deal will be accounted for as a pooling of interests and is not expected to have an impact on its financial results.
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